Morgan Stanley has decided to maintain its Equal-Weight rating of Lightspeed Commerce (NYSE:LSPD) and lower its price target from $44.00 to $31.00.
Shares of Lightspeed Commerce are trading up 0.72% over the last 24 hours, at $22.52 per share.
A move to $31.00 would account for a 37.66% increase from the current share price.
About Lightspeed Commerce
Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their business. The company sells its platform through a direct sales force in United States, Canada, Netherlands, Australia, and other countries. It derives a majority of its revenue from the United States.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
